Procedure for appointment of first auditor
This query is : Resolved
22 October 2012
Dear All,
My company wants to appoint first auditor in EGM, because its fails to comply with the provisions of appointment of first auditor in First Board Meeting.
So my question is, would there be any non-compliance on part of the company and do the company require to pay any late fees.
Moreover also let me know that form 23b is required to be file or not.
My company wants to appoint first auditor in EGM, because its fails to comply with the provisions of appointment of first auditor in First Board Meeting.
So my question is, would there be any non-compliance on part of the company and do the company require to pay any late fees.
Moreover also let me know that form 23b is required to be file or not.
22 October 2012
Hi
No, As per latest circular issued by MCA you can file file Form-23B for the appointment of Auditor without additional payment.
Yes, in case of First Auditor, Form-23Bis also required to file.
It is the duty of auditor to file Form-23B and not by the company.
No, As per latest circular issued by MCA you can file file Form-23B for the appointment of Auditor without additional payment.
Yes, in case of First Auditor, Form-23Bis also required to file.
It is the duty of auditor to file Form-23B and not by the company.
22 October 2012
Thanks sir,
But would the company liable for penal provisions under section 629A if it appoints first auditor in EGM and file 23B.
But would the company liable for penal provisions under section 629A if it appoints first auditor in EGM and file 23B.
22 October 2012
Hi
I think, penal provision will not apply, because the proviso of section 224 (5) give an option to comply the same in general meeting if you have not appointed the same in Board Meeting.
I think, penal provision will not apply, because the proviso of section 224 (5) give an option to comply the same in general meeting if you have not appointed the same in Board Meeting.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- ITR returnFY25-26
- Treatment of Pension ?annuity returns on PMVY
- Scrutiny assessments u/s 143(2) for AY 25-26
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
